"For premature closure/part withdrawal/premature extension of domestic term deposits of less than Rs.10 crore, the Bank imposes a penalty of 1.00%. Such prematurely closed/part withdrawn/prematurely extended deposits will earn interest at 1.00% below the rate as applicable for the amount slab (Deposit size of less than Rs.1 crore/Rs.1 crore to less than Rs.10 crore) as ruling on the date of deposit and as applicable for the period run OR 1.00% below the rate at which the deposit has been accepted, whichever is lower."

FIXED DEPOSIT

ELIGIBILITY

Individual, Joint (not
more than 4), a Guardian on behalf of a minor, HUF, Partnership, a Company,
Association or any other Institution

INVESTMENT

Minimum - Rs.1000
Maximum - No ceiling

PERIOD OF DEPOSIT

Minimum 15 days (7-14 days – Only for single deposit of Rs.5 lakhs and above)
Maximum 120 months

INTEREST RATE

Depending upon the period of the deposit as prevailing
from time to time.

A penalty of 1.00% will be levied for premature closure/part withdrawal/premature extension of Domestic /NRO term deposits of less than Rs.1 Crore that are placed/renewed on or after 04.02.2011. No penalty will be levied for premature closure/part withdrawal/premature extension of Domestic /NRO term deposits of Rs.1 Crore & above that are placed/renewed on or after 13.10.2012.

EXTRA FACILITY

Facility of part withdrawal of deposits in units
of Rs.1000/- keeping the rest of the deposit to earn contracted rate of
interest.

APPLICATION & DOCUMENTS

Application Form
Form 60 or 61 (if customer does not have PAN Card)
Photograph of depositor/s (2 copies)
Proof of address as per KYC Norms
Any other related documents as applicable to proprietor ship concern, Partnership
Firm, Company, HUF etc